![]() Using a 1979-era map that accompanied a California Living magazine article about San Francisco that divided the city’s neighborhoods into 10 large areas, the San Francisco Association of Realtors created a map as the basis for its division of the City into 10 large MLS districts with at least 85 subdistricts.Ī 1979 California Living magazine article about San Francisco was the first to divide San Francisco’s diverse neighborhoods into 10 large districts. Okay, enough of that stuff, let’s give you a sense of our neighborhoods. While mostly irrelevant in other parts of the country, taxes stemming from capital gains are actually an issue here that, when combined with Proposition 13’s restrictions on allowable tax increases, may prevent people from selling because there won’t be enough money left over to buy something new Market Distortion 2: Pro-tenant laws and ordinances affords tenants a large number of protections that effectively lock rental buildings into that use exclusively Historic preservation and environmental conservation regulations make demolition and brand-new construction rarer and more expensive especially because the Planning and Zoning process may implicate a very long and confusing approval process involving public notice and comment Geography: There’s not a lot of land to build on, we are surrounded by water on 3 sides after allĬlimate: Some of that scarce land is off-limits to people thanks to the area’s famed Coastal Fog (aka Karl), why else are beach front properties usually worth less than inland ones? Then there was purposeful displacement of African-American and Japanese-American populations from the Fillmore District and Western Addition to make way for “progress.” Throw in some other population influxes like the post-WWII sailor surge, the LGBT population surging after the Summer of Love and all the aftermath that has drawn even more people to the City and you’ll start to see how the City grew over time and continues to grow today.īut why is it so expensive? Well there are at least five reasons: We know of the strong ties between the Mission and Central and Southern American areas and the connection between Italian immigrants and North Beach. ![]() Chinese immigrants who built the railroads of the West and supported the gold miners concentrated near present-day Chinatown, but with increasing immigration after the 1960s started finding their way west to the Sunset and Richmond, joining the Irish populations occupied the Sunset and Richmond previously. ![]() Because it’s been a boom town for more than 170 years, it has attracted folks from far and wide seeking opportunity, success and more which has led to the City’s diverse architecture, housing patterns and market quirks.īroadly speaking, each boom, of course, puts demand for more housing stock after all, everyone needs to live somewhere, right? There were early 49ers who made their fortune who first lived in the mansions of where South Park is (which is based on an English oval-type of layout and where you could hunt deer before apparently) only to move up to Nob Hill and Pacific Heights when cable cars came onto the scene. Housing crunches (and crises) are as much a part of San Francisco as much as the fog has been. The City has seen waves of population booms and ebbs. Apart from the people themselves, draws like the area’s natural beauty, Silicon Valley, and the area’s progressive disposition mean that what little buildable land has always been scarce. ![]() San Francisco continues to draw entrepreneurs and innovators alike - as it has done so since its founding - even in light of the Pandemic and, now, as we head into the recovery. Diversity in culture, economics, architecture and - even climate - all culminate in a unique way that also makes it an expensive place too From its diversity comes San Francisco’s strength through boom times and not-so-boom times, which still see properties appreciate regardless. ![]()
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